House For Sale West Street, Peterborough, PE8
£700,000
1 of 9
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Last Updated: 18th May 2024
Description
INVESTMENT OPPPORTUNITY A freehold dental practice investment, set in a prominent position within an affluent market town, BUSINESS NOT AFFECTED.
\rKey Features
Entirely let to Townley House Dental Practice Limited. on a 15 year lease from 12 June 2019
CURRENT RENT RESERVED £42,600 pa
RENT FROM JUNE 2024 to be £44,730 pa.
Well-located in affluent market town
Comprises accommodation of 284 sq m (3057 sq ft) over three floors, and cellar.
Parking and walled garden
Dental practice for over 40 years
The property
This fine, town centre building was constructed in the mid 1800's as offices to the local brewery. Built of ashlar limestone beneath a slate roof, the property is Listed Grade II. It offers accommodation of 3057 sq ft, over three floors plus the cellar. There is a driveway and parking to the rear, within the walled, south-facing garden. It has operated as a dental practice for approximately 40 years.
Lease Details
Repairing & Insuring lease (roof excluded)
Term 15 Years from 12 June 2019
Rent Reviews - 12 June 2024 and every 5th anniversary thereafter. Maximum increase at each review 105% of passing rent.
Reversion - 11 June 2034.
Viewings
In order to minimise disruption to the tenant, viewings will be by appointment and outside of normal business hours. Please call Woodford & Co on or email
\rKey Features
Entirely let to Townley House Dental Practice Limited. on a 15 year lease from 12 June 2019
CURRENT RENT RESERVED £42,600 pa
RENT FROM JUNE 2024 to be £44,730 pa.
Well-located in affluent market town
Comprises accommodation of 284 sq m (3057 sq ft) over three floors, and cellar.
Parking and walled garden
Dental practice for over 40 years
The property
This fine, town centre building was constructed in the mid 1800's as offices to the local brewery. Built of ashlar limestone beneath a slate roof, the property is Listed Grade II. It offers accommodation of 3057 sq ft, over three floors plus the cellar. There is a driveway and parking to the rear, within the walled, south-facing garden. It has operated as a dental practice for approximately 40 years.
Lease Details
Repairing & Insuring lease (roof excluded)
Term 15 Years from 12 June 2019
Rent Reviews - 12 June 2024 and every 5th anniversary thereafter. Maximum increase at each review 105% of passing rent.
Reversion - 11 June 2034.
Viewings
In order to minimise disruption to the tenant, viewings will be by appointment and outside of normal business hours. Please call Woodford & Co on or email
Agent Details
Woodford & Co
12, Market Place, Peterborough, PE8 4BQ
Show Contact Number
01832 274 732
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.